If your home could use some fixing up, consider starting with a basement renovation. After you renovate your basement you will want to spend a lot more time down there. If you currently do not spend much time in your basement because it is not finished, you are not utilizing the space in your home effectively. A finished basement can add a lot of enjoyment to your life as a homeowner as there is many different ways you can renovate your basement. The most popular way to renovate your basement is to put up dry wall, lay down some carpet, put in some nice furniture, and install an entertainment center. Renovating your basement in this manner will turn it into a new age media center where you will want to spend all of your free time entertaining guests. If you already have a living room where you watch television, you can renovate your basement in a different. You could always install a bar or pool table in your basement and turn it into a rec room. This idea is great if you have kids or are looking to entertain guests on a regular basis.